• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Newsletter 16th may
 

Newsletter 16th may

on

  • 109 views

 

Statistics

Views

Total Views
109
Views on SlideShare
54
Embed Views
55

Actions

Likes
0
Downloads
0
Comments
0

1 Embed 55

http://proglobalcorp.wordpress.com 55

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Newsletter 16th may Newsletter 16th may Document Transcript

    • PGC NEWSLETTER 6th May 2014 1 PGC NEWSLETTER 6th May 2014 THOUGHT OF THE DAY “LIFE IS A PURE FLAME, AND WE LIVE BY AN INVISIBLE SUN WITHIN US”. ECONOMIC NEWS • The Reserve Bank, SEBI and the Finance Ministry have drawn up a contingency plan to deal with any excessive market volatility when results of the general elections are declared today. • Two marquee private equity firms Apollo Global Management and home grown ICICI Venture, has managed to convince large international investors, including 5 sovereign and an equal number of pedigreed US pension funds, to take one of their biggest contrarian bets on India. SEBI/COMPANIES UPDATES • CIR/MRD/DP/15/2014Risk management framework for Foreign Portfolio Investors (FPI) under the SEBI (Foreign Portfolio Investors) Regulations, 2014 • The department of industrial policy and promotion (DIPP) will push for foreign direct investment (FDI) in e-commerce with the new government as part of its strategy to give an impetus to manufacturing. • ONGC has alleged that Reliance Industries may have drawn natural gas worth thousands of crores of rupees from a common reservoir in the KG-D6 block, and taken the matter to the Delhi High Court, accusing the oil ministry and its technical arm of turning a blind eye to the issue • Novartis won a seven-month reprieve from generic competition to its blockbuster leukemia drug Gleevec after reaching a settlement on Thursday with Sun Pharmaceutical Industries Ltd. RBI / TAX LAW UPDATES • RBI/2013-14/591 issues notification regarding Treatment of RIDF and certain other funds under priority sector. • RBI/2013-14/592 issues notification regarding Levy of Penal Charges on Non-Maintenance of Minimum Balances in Inoperative Accounts. MARKET UPDATES SENSEX 24,840.75 935.15 CNX NIFTY 7,392.90 269.75 DOLLAR/ RUPEE 58.68 -0.61 MCX SILVER 41264.00 -1.11 MCX GOLD 28093.00 -1.12 MCX CRUDE OIL 5986.00 -0.84 Dow Jones Industrial average 16,447 -167 Nasdaq Composite 4,069 -32